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6927 Mountain Cedar Lane Dallas, TX 75236

3 Beds 2 Baths 1,713 sqft Built 1987

$237,800

List Price

$1,570

$1.4K - $1.7K

Rent Est.

$68,767

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+8.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.8%
Cash Flow	-$540
Value Increase	$20,824

10 YEAR

Cash On Cash	-3.5%
Total Return	12.0%

PROPERTY INFO

January 23, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1987
Price/Sqft : $138.82
2 Days on Market
MLS # : 14502681
Updated Date : 01/23/2021 at 22:00

CONSTRUCTION

Beds : 3
Floor Size : 1,713 sqft
Baths : 2 full

Listing Agent

Citiwide Properties Corp.

Listing Agent's Description

Blocks away from Duncanville High School this 3 bedroom 2 bath with a 2 car garage house is ready for move in and your personal touches. Large backyard with a covered deck, new carpet and fresh paint. Washer, dryer and refrigerator to stay. Great location minutes from I-20 and Downtown Dallas. Buyer to verify room dimensions.

6928 Mountain Cedar Ln

Dallas, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

. Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
# 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

Neighborhood: Cedar Ridge North

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cedar Ridge North

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Hyman Elementary School	Primary	Regular	560	36	4
Byrd Middle School	Middle	Regular	786	48	5
Duncanville High School	High	Regular	3,923	238	3

Hyman Elementary School

Education Level: Primary
# of students: 560
# of teachers: 36

GreatSchools Rating

Byrd Middle School

Education Level: Middle
# of students: 786
# of teachers: 48

GreatSchools Rating

Duncanville High School

Education Level: High
# of students: 3,923
# of teachers: 238

GreatSchools Rating

FINANCIALS

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$214,020$261,58000$237,800

PURCHASE PRICE

$1,413$1,72700$1,570

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,570
EXPENSES	Loan Payment	-$826
	Property Tax	-$564
	Property Insurance	-$126
	Property Management Fees	-$99




CASH FLOW -$45

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$237,800

PROJECTED PRICE

$1,570

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.74%
Appreciation Year (1-5)	8.6%
Maintenance Year (1-5)	8.00%
Vacancy	6.69%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$68,767

Down Payment	$59,450
Rehab Estimate	$5,750
Closing Costs	$3,567

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$826

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$59,450
Loan Amount	$178,350

See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$6,412

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

$1,570
LIST RENT
$0.92
LIST RENT PER SQFT

$1,674
COMP ESTIMATED VALUE
$0.98
COMP AVG. RENT PER SQFT

Comps Range

$1,570

1$1,5702$1,5753$1,6004$1,6255$1,700

$1,700

RENT COMPS ANALYSIS

1,713
PROPERTY SQFT
$0.98
AVG RENT PER SQFT
$1,674
ESTIMATED VALUE
$1,570
LIST RENT

6927 Mountain Cedar Lane Dallas, TX 4

3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1987
Price

Price Per SQFT

$237,800

$138.82
1314 Plateau Drive Duncanville, TX 1

3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1972
SOLD 11/19/20
Price

Price Per SQFT

$165,000

$91.06
306 Omaha Lane Duncanville, TX 2

3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1983
SOLD 07/31/20
Price

Price Per SQFT

$184,900

$112.33
215 Willowwood Place Duncanville, TX 3

3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1983
SOLD 12/15/20
Price

Price Per SQFT

$236,500

$133.54
105 N Casa Grande Circle Duncanville, TX 5

3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1972
SOLD 11/28/20
Price

Price Per SQFT

$249,900

$136.56

6927 Mountain Cedar Lane Dallas, TX 1

3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1987
Rent

Rent Per SQFT

$1,570

$0.92
6912 Cedar Forest Trail Dallas, TX 2

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1987
LEASED 03/08/20
Rent

Rent Per SQFT

$1,575

$1.04
6751 Cedar Forest Trail Dallas, TX 3

3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1990
LEASED 02/13/20
Rent

Rent Per SQFT

$1,600

$0.93
6747 Mountain Cedar Lane Dallas, TX 4

3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1989
LEASED 03/22/20
Rent

Rent Per SQFT

$1,625

$0.95
6948 Cedar Knoll Drive Dallas, TX 5

3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1986
LEASED 03/06/20
Rent

Rent Per SQFT

$1,700

$0.99

PROPERTY LISTING DETAILS

Liz Figueroa
Citiwide Properties Corp.

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502681
Last Updated: 01/23/2021

6927 Mountain Cedar Lane Dallas, TX 75236

$237,800

$1,570

$68,767

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Hyman Elementary School

Byrd Middle School

Duncanville High School

FINANCIALS

$214,020$261,58000$237,800

$1,413$1,72700$1,570

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$237,800

$1,570

0.66%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$826

3.25

$6,412

$237,800

$138.82

$202,772

$118.37

COMPS RANGE

PRICE COMPS ANALYSIS

$1,570

$0.92

$1,674

$0.98

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS